New Approaches to Macroeconomic Modeling: Evolutionary Stochastic Dynamics, Multiple Equilibria, and Externalities as Field Effects
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Product details
| Management number | 233657725 | Release Date | 2026/06/27 | List Price | $19.88 | Model Number | 233657725 | ||
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This book contributes substantively to the current state of the art of macroeconomic modeling by providing a method for modeling large collections of heterogeneous agents subject to nonpairwise externality called field effects, i.e. feedback of aggregate effects on individual agents or agents using state-dependent strategies. Adopting a level of microeconomic description that keeps track of compositions of fractions of agents by "types" or "strategies", time evolution of the microeconomic states is described by (backward) Chapman-Kolmogorov equations. Read more
| ISBN10 | 0521637694 |
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| ISBN13 | 978-0521637695 |
| Language | English |
| Publisher | Cambridge University Press |
| Dimensions | 6 x 0.77 x 9 inches |
| Item Weight | 15 ounces |
| Print length | 308 pages |
| Publication date | February 13, 1998 |
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Econometrics & Statistics
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